For context, peer ConocoPhillips (COP) reported operating cash flow of ~$7.1 billion in 2017, which was ~61% higher than its operating cash flow of ~$4.4 billion in 2016. Like Devon Energy, ConocoPhillips is increasing its focus on unconventional assets in the US.

In the next part of this series, we’ll take a look at where Devon Energy stands in terms of its earnings estimates for 4Q17 and 2017.